Which itr should file for running business of gym / fitness?
This query is : Resolved
14 September 2017
One of My Friend is running own GYM. He run business as proprietor. Can He File ITR 4(S) for AY 2016-17 and ITR 4 for AY 2017-18. His total annual turnover is below 4,00,000/- (Below Five Lakhs).
Can he filled his Business Code in ITR 4(S) for AY 2016-17 is (0204) [Trading Others] and ? Please give your expert opinion.
Can he filled his Business Code in ITR 4(S) for AY 2016-17 is (0204) [Trading Others] and ? Please give your expert opinion.
14 September 2017
ITR 4S is no more........it is replaced by ITR 4
Your friend can go for presumptive taxation and file ITR 4
Your friend can go for presumptive taxation and file ITR 4
14 September 2017
ITR 4s can be filed for AY 2016-17 and ITR 4 for AY 2017-18.use business code trading other.
15 September 2017
Yes he can file ITR4S for AY 2016-17 and ITR4 for AY 2017-18. He can not use code as Trading others as he is not doing any trading business.
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